India: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in India

The Indian market for ready-mixed concrete and factory made mortars was estimated at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in India

In value terms, production of ready-mixed concrete and factory made mortars reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from India

Exports of ready-mixed concrete and factory made mortars from India surged to X tons in 2022, growing by X% on 2021 figures. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of ready-mixed concrete and factory made mortars expanded markedly to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from India, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), threefold. Iraq (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Iraq (X% per year).

In value terms, the largest markets for ready-mixed concrete and factory made mortar exported from India were Bangladesh ($X), Nepal ($X) and Sri Lanka ($X), together accounting for X% of total exports.

Among the main countries of destination, Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into India

In 2022, approx. X tons of ready-mixed concrete and factory made mortars were imported into India; declining by X% compared with 2021. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of ready-mixed concrete and factory made mortars expanded modestly to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Oman (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of ready-mixed concrete and factory made mortars to India, together comprising X% of total imports. Spain, the United Arab Emirates, Belgium, Singapore, Italy, Greece, the United States and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to India, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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